I already own my semi but the one next door may be coming up and I want to finance the purchase of that?

I want the semi next door as a sort of granny annexe for my parents as they're getting on a bit. There is the possibility of aorund £100K (from their house) to part finance - assuming it goes for £180K - that would be relatively easy to finance but in case that doesn't come off - they may not want to move for a few more years but I'd still like to do it... Tricky I know but worth while if it can be done. Nice one - yes, assume they do want to live next door - in a few years they may not have the option.

Public Comments

1. I think that you should check with your parents, and see if they want to move next to you.
2. Do it if you can the best investment is real estate
3. dont know where youre based about but you could try releasing some of the equity in your own property if youve lived there for a while it is possible that the value of your house is more than you paid for it
4. You could try purchasing as a buy to let and rent it out for a few years until your parents want to move in. You really need to consult a mortgage broker and see if the numbers add up. Good luck